Most people will have trouble wrapping their head around this idea. Many (educated in traditional Economics) will find the Cognitive Dissonance too difficult to overcome. None the less, the RBE concept is too important to keep from the public at large, and especially to those Dapp and DAE Developers who wish to change the world for the better. FEEL FREE TO SCROLL DOWN TO THE UNDERLINED HEADING: “OVERLOOKED AND IGNORED REALITIES OF THE OLD SYSTEMS“
THE INDOCTRINATED “MONEY IS GOD” PESPECTIVE
For anyone with a logical mind, under the current system of economics, the Austrian camp is by far and away the only “sane” one. Men like Carl Menger, Eugen von Bohm-Bawerk, Friedrich Hayek and Ludwig von Mises discovered and explained the laws of supply and demand (scarcity vs want), the cause of price inflation (money creation), the operation of foreign exchange rates, and the subjective nature of economic value. The Austrian camp celebrates the contribution of business to society and opposes taxes, price controls, and regulations that inhibited enterprise. They are moral theologians who urged governments to obey ethical strictures (restrictions) against theft and murder. They live up to Ludwig von Mises’s rule: the first job of an economist is to tell governments what they cannot do.
Peter Schiff and Max Keiser are examples of economic types that subscribe to the Austrian camp.
The Keynesian camp believes that government must take an active roll in managing an economy and to step in to aid during short term economic emergencies. They feel that when the private sector of the economy slows investment, that the public sector (government) must step up to the plate and spend to keep the economy going, even if it means taking on debt or inflating the money supply. Their long unproven belief is that when the economy rebounds it will more than make up for the incurred debt. Popular economists in this camp are ALL the CHAIRMANS of the FEDERAL RESERVE (a private bank like Federal Express is private mail), Paul Volcker, Alan Greenspan, Ben Bernanke and Jerome Powell.
The old Classical camp is like a grade-schooler’s first attempts at understanding economics. They feel, “if you produce it, they will buy it” (Say’s Law) and that government should keep a hands off approach to any current economic problems. The classical approach to things is to look “long term” to achieve goals, even if it means suffering in the short term. The Classical camp relies on individual interests to correct current market excesses and imbalances while the government controls the long term agendas and money supply.
COMPARISON OF OLD MODELS
- The Neo-Classical and Keynesian schools of thought believe statistics and mathematical charts can predict value and the proper moves governments should take in managing their economies. They say that “price” is only set by “supply & demand“.
- The Austrian school acknowledges that no one “model” stays in control for very long. I think “Day Traders” would have to back up that reality,,, otherwise everyone would be using the same models and taking all the money. The Austrian camp also acknowledges that this “subjective” nature of economic values of different things is in constant flux and that there are no “fixed” formulas (like supply/demand curves) that can set values to anything, all is “subjective“. This is in direct contradiction to both the Keynesian and Classical schools.
- Austrian economists think that if the money supply is increased with out an increase of goods in the economy, then price inflation will happen, but not equally. Therefore the last guy to get his salary to “inflate” is hurt the most as his paycheck buys less and less, and the first to get his “inflate” can buy all the goods at pre-inflated prices.
- The Austrian school holds that the Keynesian school is responsible for “Economic Cycles” because of their manipulation of the Interest Rates causing miss-allocation of Capital Investments. They argue that the lowering of interest rates to stimulate the economy only allows failing business to get further in debt before they inevitably die. Their view is it would be better for the sick industries to die early and not suck up the capital investment that could be used in viable industries.
OVERLOOKED AND IGNORED REALITIES OF THE OLD SYSTEMS
I’m not sure there is any blame to point to, but the realities of the past were realities of limited resources, supplies and general states of scarcity. In these conditions, of early societies, the development of “currencies” (means of exchange) and of “money” (store of value) were very logical and indeed necessary. But we no longer live in the past. In fact it can be argued that this “past” ended well over 100 years ago.
During the Great Depression of the 1930’s the economy screeched to a halt. The amazing thing was that the factories, that were cranking stuff out in the Roaring 20’s, were still there, with all the machinery and all the city infrastructure and resources ready to crank out more product. There were still plenty of workers and even the stores themselves had products, it was just that no one had currency/money to buy any of it with. The OBVIOUS CONCLUSION is that the ONLY SCARCITY was the SCARCITY of CURRENCY/MONEY. But why should there be a scarcity of money when there is no scarcity in resources of goods? Where is the justification for a system of currency modeled on scarcity when scarcity is no longer an issue (mostly do to advances in manufacturing and productivity). This process has been going on for millennia starting with the agricultural revolution and its creation of EXCESS (as opposed to “scarcity”) food resources allowing for the development of cities and other economies of production.
In fact with advent of the Industrial Revolution and today’s Information/Digital Revolution we find scarcity only exist where corporations have created it for their own selfish desires. The well know De Beers corporation is notorious for keeping 90% (no one know the actual amount) of mined diamonds OFF of the MARKET in order to have a FALSE SCARCITY in order to drive up diamond prices. In addition to this tacktict they employed their wicked advertising plan, over the last century, creating a “NEW TRADITION” of giving diamonds to ones fiance and wife. These guys are good (at their job, not morally). This linked article goes into the messed up nature of the economic system and lack of corporation oversight, in case you need more evidence: https://trybe.one/analysis-of-past-economic-system-and-the-possibilitties-of-alt-types-of-crypto-economies-dae/
Also all of these economic models rely on continuous and constant growth and it is becoming very obvious that we live in a finite world that will not and does not grow at infinitude. In addition the current economic system is detached from any moral or ethical values, in fact the more suffering and destruction that happens, the higher the Gross Domestic Product (GDP) goes as people need to pay more Doctors and Construction Workers to rebuild after the tragedies. If everything were peachy keen and dandy with minimal needs,,, the economy would implode.
A CHANGE IS DESPERATELY NEEDED
Well it would appear, even though “money” served a great purpose in the past, as it helped develop society and mankind to this point today, it has proven itself to be more of a hindrance now-a-days than a benefit. In fact many technologies are ready and could be deployed (solar, geothermal, tidal – energies) that could drastically help our likelihood of long term survival on Earth, but they can’t be implemented because the monetary system FALSELY makes them “unafordable“. In reality its obvious to most everyone that we can’t afford NOT to implement these technologies, lest we end up back in the stone ages. Yet, for some unknown reason, the many CryptoEconomists seem unable to break themselves free of these old monetary paradigms and address the necessary issues. (click here to read about a project that does) Even Shitoshi Nakamoto, who was acting out of a place of SELF ACTUALIZATION, fell subject to these old indoctrinations and only came up with the first good step, “crypto-gold” (BTC – Bitcoin).
The OpenSource movement and the CreativeCommons, to mention but a few, are paving the way to a new world without money. There are many forces that are moving us away from MONEY but unfortunately the “Powers That Be” that are fully invested in these old structures are reluctant to understand or even desire change. There has been a change, though, in the populace at large from “Consumer” to “Prosumer“, with tech like YOUTUBE and REVERBNATION and other social and media sites. In fact the Internet you using now is mostly run off of LINUX distributions and APACHE SERVER distributions, both FREE.
People stuck in the old paradigm of thought often ask “What will motivate people? Everyone will sit on the couch, do drugs and play video games, nothing will get done.” But of course this shows a lack of understanding of the human psychology as is well explained in this article about Maslow’s Hierarchy of Needs. People will be naturally motivated to move up the pyramid to attempt self-actualization. In fact, with the implementation of a RBE like The Venus Project (TVP), it will be the first time in history that the common man actually stands a chance of achieving it. Certainly what we might call the “DAWN of TRUE CIVILIZATION” from the “Dark Ages” of want.
Jacque Fresco, like Buckminster Fuller thought heavily on this topic or how to best organize society as to be the most free and of the most benefit to all. Jaque originally called his idea SOCIOCYBERNERING and later change his it to (TVP) after the name of the town where he and Roxanne Medows bought property to build and lay out some test structures and have a resource and information center.
To the right is a 3D fly though of an OPTIONAL city design as described by Jacque in the other links. The VP is NOT a strict “UTOPIA” design like capitalism or communism that has to be adhered to. All the architecture are examples of how to design for automated manufacturing of their structures. Anyone is free to design better systems, they are not “Fixed In Stone“, no, this culture and its design are an “EMERGENT” system, based on the scientific method, with no fixed structural mandates. The mandate is to do: “The Most Efficient & Sustainable & The Most Beneficial” things, in a system were everyone has access to everything.
With these guidelines, designed in line with the realities of human psychology, will eliminate things like theft and extortion and hoarding making them social non-issues. Its not a solution to all problems, crimes of passion may still occur, but even those cultural norms could change over time. The end of War, the end of Governments, Management of Physical Systems by OpenSource Blockchain projects, No Police, No Banks, No Insurance, No Militaries, No Corporations, No Judges, No Prisons, No Wall St.,,,,, truely, it would be The FIRST “CIVIL“IZATION on EARTH. Its a goal worth chasing !!!
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